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    201-203 Main St Wauconda, IL 60084

    For Sale
    $995,000

    High-yield, six-unit income property.

    Property size:
    8,645 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional mixed-use property, located at 201-203 S Main Street in the heart of Wauconda, Illinois, presents a compelling investment opportunity. The 8,645 square foot building boasts three ground-floor retail spaces, all currently leased to long-term tenants, ensuring immediate and consistent income generation. Upstairs, four residential units provide additional revenue streams. Two of these are updated two-bedroom apartments

    Property Features for 201-203 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,645 SF

    Building Details

    Year Built
    1861
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wauconda
    County
    Lake
    State
    Illinois
    Longitude
    -88.14064
    Latitude
    42.25931

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield, six-unit income property.
    Where is this mixed-use property located?
    The property is located at 201-203 Main St Wauconda, IL.
    What is the asking price?
    The asking price for this property is $995,000.
    (847) 306-6158
    Request Owner's contact information
    201-203 Main St Wauconda, IL 60084
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    Wauconda, IL 60084
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201-203 Main St Wauconda, IL 60084
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